WDI Dataset Analysis

Bernice Yuan

2025-02-26

Economic Indicator Analysis

Overview

  • Relationship between GDP per Capita and Life Expectancy
  • Unemployment Rate vs. GDP Growth Rate
  • Key statistical insights

GDP per Capita and Life Expectancy

  • Higher GDP per capita is associated with longer life expectancy
  • Diminishing returns effect: Beyond a threshold, GDP has less impact

Unemployment Rate vs. GDP Growth Rate

  • Weak positive correlation
  • Economic growth alone does not guarantee lower unemployment

Summary & Conclusion

  • GDP per capita positively influences life expectancy, but with diminishing returns
  • Unemployment rates do not significantly decrease with higher GDP growth
  • Further research: Consider additional economic factors such as inflation, labor policies, and industry growth

References

Thank You!

Questions? Discussion?